Brighthouse Financial, Inc. (NASDAQ:BHF) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFGet Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 1,120,000 shares, a decrease of 7.4% from the April 30th total of 1,210,000 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 468,700 shares, the short-interest ratio is presently 2.4 days.

Insider Buying and Selling

In related news, Director Michael J. Inserra bought 2,500 shares of the stock in a transaction on Thursday, May 30th. The shares were purchased at an average price of $43.20 per share, for a total transaction of $108,000.00. Following the acquisition, the director now owns 5,500 shares in the company, valued at $237,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michael J. Inserra bought 2,500 shares of the stock in a transaction on Thursday, May 30th. The shares were purchased at an average price of $43.20 per share, for a total transaction of $108,000.00. Following the acquisition, the director now owns 5,500 shares in the company, valued at $237,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Edward A. Spehar sold 7,125 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $41.91, for a total value of $298,608.75. Following the sale, the chief financial officer now owns 44,765 shares in the company, valued at approximately $1,876,101.15. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Institutional Trading of Brighthouse Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in Brighthouse Financial by 412.3% in the fourth quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock valued at $29,000 after buying an additional 437 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Brighthouse Financial by 123.2% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the company’s stock valued at $36,000 after purchasing an additional 404 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Brighthouse Financial by 36.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock valued at $60,000 after purchasing an additional 303 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Brighthouse Financial during the fourth quarter valued at approximately $60,000. Finally, Quent Capital LLC grew its holdings in shares of Brighthouse Financial by 23.0% during the fourth quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock valued at $108,000 after purchasing an additional 382 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Piper Sandler decreased their price objective on Brighthouse Financial from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Wells Fargo & Company decreased their price objective on Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Morgan Stanley lowered Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 target price on the stock. in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $50.00 target price on shares of Brighthouse Financial in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.29.

Get Our Latest Stock Report on BHF

Brighthouse Financial Trading Down 0.1 %

NASDAQ:BHF opened at $44.46 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 0.83. Brighthouse Financial has a one year low of $41.73 and a one year high of $56.24. The business’s 50-day simple moving average is $47.69 and its 200 day simple moving average is $49.60. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -2.34 and a beta of 1.08.

Brighthouse Financial (NASDAQ:BHFGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $4.25 EPS for the quarter, topping the consensus estimate of $3.96 by $0.29. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the firm posted $2.86 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that Brighthouse Financial will post 16.29 earnings per share for the current fiscal year.

About Brighthouse Financial

(Get Free Report)

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.

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